Tracking the market and economic trends that shape your finances.

Wall Street to Washington: Don't mess around on the debt ceiling!

The financial industry is weighing in loudly Thursday morning against politicians who have refused to lift the United States' debt ceiling and threatened investors with default on U.S. Treasury bonds.

JPMorgan Chase & Co. Chief Executive Jamie Dimon said in a conference call with analysts: "It’s not the kind of thing that I think people should play with."

Congress has until Aug. 2 to allow the government to increase the amount of federal debt above $14.3 trillion. Republican congressional leaders have said they will not approve an increase in the debt ceiling unless Democrats agree to big cuts in government spending.